Enduring Wealth Capital and Insider Entities Invest $75.5M in Cango Inc.
February 12, 2026
Cango Inc. closed a previously announced US$10.5 million equity investment from Enduring Wealth Capital Limited and entered into definitive agreements for approximately US$65 million of additional Class A equity investments from entities wholly owned by Chairman Xin Jin and director Chang-Wei Chiu. The proceeds will be used to support Cango's expansion into AI and computing infrastructure and to strengthen its balance sheet.
- Buyers
- Enduring Wealth Capital Limited, Fortune Peak Limited, Armada Network Limited
- Targets
- Cango Inc.
- Industry
- Energy
- Location
- Hong Kong
- Transaction Type
- Growth capital
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